Priority Jewels IPO GMP today is Rs 28. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
PRIORITY
Priority Jewels IPO GMP, Subscription & Allotment Status Today
Priority Jewels is engaged in the design, manufacture, and sale of light-weight, affordable diamond-studded gold and platinum fine jewellery. The company primarily operates on a business-to-business (B2B) model, supplying its products directly to independent jewellers and major retail chains across India and in select international markets, including the USA, UAE, and Hong Kong. Its product portfolio is centered on daily wear pieces such as rings, earrings, pendants, and bracelets, and also includes an occasion-based couture line. The company’s revenue is generated from the direct sale of its finished jewellery products. With two manufacturing facilities in Mumbai, the business leverages modern design and production technologies like CAD/CAM and 3D printing to create a diverse range of customized and ready-to-sell products for its customers.
- Price Band
- ₹190.00 - ₹200.00
- Lot Size
- 75 Shares
- Bidding Closes
- 01 Sept 2026
- Listing Date
- 04 Sept 2026
Current GMP Status
₹28
+14% vs upper band
Est. Listing Gain
+12.60%
Last Trend
02 Sept 2026
Listing Price
₹225.20
Retail Entry
₹15,000
IPO Details
Complete IPO information
| Current GMP | ₹28 |
|---|---|
| Estimated Listing Gain | +12.60% |
| Price Band | ₹190.00 - ₹200.00 |
| Issue Price | Approx ₹200.00 Crores |
| Listing Price | ₹225.20 |
| Lot Size | 75 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 100.45x |
| Listing Date | 04 Sept 2026 |
| Minimum Investment | ₹15,000 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 9.15 | 364.80 | 39.87x |
| NII | 6.86 | 1142.56 | 166.49x |
| Retail | 16.01 | 1709.43 | 106.76x |
| Overall Subscription | 32.03 | 3216.86 | 100.45x |
Head-to-head
Compare Priority Jewels IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Priority Jewels is priced at ₹200 per share. With a minimum lot size of 75 shares, a retail investor applying for one lot would need approximately ₹15,000 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Priority Jewels stands at ₹28, implying an estimated listing gain of around 14.00% over the issue price if it holds until listing. This is down ₹14 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Priority Jewels's IPO was subscribed 100.45x overall, with a category-wise breakdown of Retail 106.76x, QIB 39.87x, NII 166.49x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
28 Aug 2026
✓
Bidding Closes
01 Sept 2026
✓
Allotment
02 Sept 2026
✓
Listing
04 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Sept 2026 | ₹31.00 | -₹14.00 | 15.50% |
| 01 Sept 2026 | ₹45.00 | - | 22.50% |
| 31 Aug 2026 | ₹45.00 | +₹25.00 | 22.50% |
| 27 Aug 2026 | ₹20.00 | -₹10.00 | 10.00% |
| 26 Aug 2026 | ₹30.00 | +₹2.00 | 15.00% |
| 25 Aug 2026 | ₹28.00 | +₹28.00 | 14.00% |
| 24 Aug 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 75 | ₹15,000 |
| Retail Maximum | 13 Lot | 975 | ₹1,95,000 |
| S-HNI Minimum | 14 Lot | 1,050 | ₹2,10,000 |
| S-HNI Maximum | 66 Lot | 4,950 | ₹9,90,000 |
| B-HNI Minimum | 67 Lot | 5,025 | ₹10,05,000 |
Swipe to see more →
Analysis
Priority Jewels IPO Details
The Priority Jewels IPO is a mainboard book-built issue scheduled to open for subscription on August 28, 2026 and close on September 1, 2026. The company's equity shares are proposed to be listed on both BSE and NSE.
Priority Jewels is engaged in designing, manufacturing and selling lightweight diamond-studded gold and platinum fine jewellery. The public issue is structured as a fresh issue, with no Offer for Sale component.
| Particular | Details |
|---|---|
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹190 to ₹200 Per Share |
| Issue Size | Approx ₹91.50 Crores |
| Fresh Issue | Approx ₹91.50 Crores |
| Offer for Sale | Nil |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
Note: The IPO is scheduled for August 28 to September 1, 2026. The provided price band of ₹190–₹200 implies an issue size of approximately ₹91.50 crores for 45.75 lakh fresh shares. Investors should check the final RHP/price-band announcement before applying.
Analysis
Priority Jewels IPO Reservation
The Priority Jewels IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and the anchor investor portion, where applicable.
As per the provided category-wise allocation, 50% of the issue is reserved for Qualified Institutional Buyers excluding the anchor portion, 15% is allocated to Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares offered under each investor category is not available in the provided data. The table currently reflects the percentage-wise reservation and can be updated once the final category-wise share allocation is announced.
Analysis
Priority Jewels IPO Anchor Investors
The Priority Jewels IPO anchor bidding is scheduled for August 27, 2026, one working day before the public issue opens for subscription on August 28, 2026.
The final anchor investor list, number of shares allotted and total anchor investment amount are currently awaited. These details can be updated after completion of the anchor bidding process and announcement of the final anchor allocation.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 27, 2026 |
| Anchor Investors List | Awaited |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor bidding is scheduled for August 27, 2026. The final anchor investor names, shares allotted, anchor issue size and exact 30-day and 90-day lock-in expiry dates should be updated after the anchor allocation is officially announced.
Analysis
Priority Jewels IPO Dates
The Priority Jewels IPO will open for subscription on August 28, 2026 and close on September 1, 2026. Investors can submit their IPO applications during the subscription period, with bidding scheduled to close at 5:00 PM on September 1, 2026.
The Priority Jewels IPO allotment is expected to be finalized on September 2, 2026. Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for September 3, 2026. The shares are expected to list on BSE and NSE on September 4, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 28, 2026 |
| IPO Close Date | September 1, 2026 |
| Basis of Allotment | September 2, 2026 |
| Refunds | September 3, 2026 |
| Credit to Demat Account | September 3, 2026 |
| IPO Listing Date | September 4, 2026 |
| IPO Bidding Cut-off Time | September 1, 2026 – 5:00 PM |
Note: The Priority Jewels IPO is scheduled for August 28 to September 1, 2026, followed by allotment on September 2, refunds and demat credit on September 3, and the proposed BSE & NSE listing on September 4, 2026.
Analysis
Priority Jewels IPO Promoters and Holding Pattern
The promoters of Priority Jewels Limited are Shailesh Sangani, Manisha Shailesh Sangani, Tushar Mehta, Aditi Karan Motla, Aashna Sangani Parikh and Priority Retail Ventures Private Limited.
Before the IPO, the promoter holding stands at 1,26,00,000 equity shares, representing 100% of the pre-issue share capital. Following the fresh issue, the company's total outstanding equity share capital is expected to increase to 1,80,00,000 shares.
Promoters of Priority Jewels
- Shailesh Sangani
- Manisha Shailesh Sangani
- Tushar Mehta
- Aditi Karan Motla
- Aashna Sangani Parikh
- Priority Retail Ventures Private Limited
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,26,00,000 | 100% |
| Promoter Holding Post Issue | 1,80,00,000 | -% |
Note: The pre-issue promoter holding is reported at 100%. The post-issue percentage holding is not available in the provided data and should be updated once the final post-IPO shareholding pattern is available.
Analysis
Priority Jewels IPO Objects of the Issue & Utilisation of Proceeds
Priority Jewels proposes to utilise a major portion of the IPO proceeds towards reducing its outstanding debt. The company plans to use approximately ₹75 crores for repayment or prepayment, in full or in part, of certain borrowings availed by the company.
The remaining net proceeds are proposed to be utilised towards general corporate purposes, subject to applicable regulatory limits.
| Purpose | Amount |
|---|---|
| Repayment / pre-payment, in full or in part, of certain borrowings availed by the Company | ₹75.00 Cr. |
| General Corporate Purposes | ₹- |
Note: Out of the fresh issue proceeds, approximately ₹75 crores is specifically proposed for repayment or prepayment of certain borrowings. The balance net proceeds will be used for general corporate purposes and applicable issue-related expenses.
Analysis
Priority Jewels About IPO
Priority Jewels was incorporated in 2007 and is one of the leading companies engaged in the manufacturing of fine jewellery. The company follows the process from designing, manufacturing, to selling a comprehensive range of lightweight, affordable, and diamond-studded gold and platinum fine jewellery. The company is engaged in supplying gold and platinum jewellery directly to independent jewellers and jewellery chains in India, such as CaratLane Trading, Kalyan Jewellers, Malabar Gold & Diamonds, Tribhovandas Bhimji Zaveri, and Senco Gold. Their manufacturing facilities situated in Mumbai span 19,008 sq ft. and 6,821 sq. ft., which are provided with advanced casting as well as modern CAD/CAM and 3D printing technology, enabling precision manufacturing. The company consists of over 200 customers in India, 159 independent jewellers, and 35 jewellery chains as of December 2024. Khazanchi Jewellers, RBZ Jewellers, Ashapuri Gold Ornament, and Shringar House of Mangalsutra are the competitors of the priority jewels.
Analysis
Priority Jewels IPO Company Financial Report
Priority Jewels reported revenue of ₹403.57 crores in FY2022, which increased to ₹471.42 crores in FY2023 before declining to ₹410.61 crores in FY2024.
Profit After Tax (PAT) stood at ₹5.37 crores in FY2022 and ₹4.50 crores in FY2023. Profitability improved in FY2024, with PAT increasing to ₹7.15 crores. For the period ended December 2024, the company reported revenue of ₹295.57 crores and PAT of ₹8.15 crores.
The company's total assets increased from ₹231.90 crores in FY2022 to ₹280.48 crores in FY2023. Assets stood at ₹268.99 crores in FY2024 and ₹278.26 crores as of December 2024.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2022 | ₹403.57 Cr. | ₹396.32 Cr. | ₹5.37 Cr. | ₹231.90 Cr. |
| 2023 | ₹471.42 Cr. | ₹465.32 Cr. | ₹4.50 Cr. | ₹280.48 Cr. |
| 2024 | ₹410.61 Cr. | ₹400.97 Cr. | ₹7.15 Cr. | ₹268.99 Cr. |
| December 2024 | ₹295.57 Cr. | ₹284.21 Cr. | ₹8.15 Cr. | ₹278.26 Cr. |
Financial Trend: Priority Jewels' FY2024 revenue declined by approximately 12.9% compared with FY2023, while PAT increased by approximately 58.9%. For the period ended December 2024, PAT had already reached ₹8.15 crores, exceeding the ₹7.15 crore profit reported for FY2024.
Analysis
Priority Jewels IPO Valuation – FY2024
The Priority Jewels IPO valuation can be assessed using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2024, Priority Jewels reported an ROE of 7.35% and ROCE of 17.47%. The company's EBITDA margin stood at 4.71%, while the PAT margin was 1.74%. Its debt-to-equity ratio stood at 1.32.
The company's basic Earnings Per Share (EPS) stood at ₹5.67, while Return on Net Worth (RoNW) was 7.54%. The reported Net Asset Value (NAV) stood at ₹300.90 per equity share.
| KPI | Values |
|---|---|
| ROE | 7.35% |
| ROCE | 17.47% |
| EBITDA Margin | 4.71% |
| PAT Margin | 1.74% |
| Debt to Equity Ratio | 1.32 |
| Earning Per Share (EPS) | ₹5.67 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 7.54% |
| Net Asset Value (NAV) | ₹300.90 |
Valuation: Based on the IPO price band of ₹190 to ₹200 and FY2024 EPS of ₹5.67, the implied P/E ratio works out to approximately 33.51x to 35.27x. At the upper price band of ₹200, the issue price is approximately 0.66 times the reported NAV of ₹300.90 per share.
Analysis
Priority Jewels IPO Peer Group Comparison
The Priority Jewels IPO peer group includes listed jewellery companies such as Khazanchi Jewellers, RBZ Jewellers, Ashapuri Gold Ornament and Shringar House of Mangalsutra. The comparison below covers EPS, P/E ratio, Return on Net Worth (RoNW), Net Asset Value (NAV) and income.
Among the listed peers, Khazanchi Jewellers has the highest EPS at ₹11.04, while Shringar House of Mangalsutra has the highest reported RoNW at 25.65%. Priority Jewels reported FY2024 EPS of ₹5.67 and RoNW of 7.54%.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 11.04 | 50.09 | 14.55% | 75.87 | 820.78 Cr. |
| RBZ Jewellers Ltd. | 8.23 | 16.82 | 14.38% | 51.87 | 327.43 Cr. |
| Ashapuri Gold Ornament Ltd. | 0.40 | 17.83 | 11.65% | 3.60 | 165.07 Cr. |
| Shringar House of Mangalsutra Ltd. | 4.39 | NA | 25.65% | 154.34 | 1,101.52 Cr. |
Valuation Comparison: Based on Priority Jewels' FY2024 EPS of ₹5.67 and IPO price band of ₹190–₹200, its implied P/E ratio is approximately 33.51x–35.27x. This is below Khazanchi Jewellers' reported P/E of 50.09x, but above RBZ Jewellers' 16.82x and Ashapuri Gold Ornament's 17.83x.
Analysis
Priority Jewels IPO Lead Managers aka Merchant Bankers
- Mefcom Capital Markets Limited
FAQ
Priority Jewels IPO FAQs
Priority Jewels IPO price band is Rs 190.00 to Rs 200.00. Check the latest issue price, lot size and GMP together before applying.
Priority Jewels IPO open date is 28 Aug 2026, close date is 01 Sept 2026, and listing date is 04 Sept 2026.
Priority Jewels IPO lot size is 75 shares. The minimum retail investment is Rs 15,000.
Priority Jewels is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Priority Jewels IPO subscription status currently shows Retail 106.76x, QIB 39.87x, NII 166.49x, Overall 100.45x.
Priority Jewels is engaged in the design, manufacture, and sale of light-weight, affordable diamond-studded gold and platinum fine jewellery. The company primarily operates on a business-to-business (B2B) model, supplying its products directly to independent jewellers and major retail chains across India and in select international markets, including the USA, UAE, and Hong Kong. Its product portfolio is centered on daily wear pieces such as rings, earrings, pendants, and bracelets, and also includes an occasion-based couture line. The company’s revenue is generated from the direct sale of its finished jewellery products. With two manufacturing facilities in Mumbai, the business leverages modern design and production technologies like CAD/CAM and 3D printing to create a diverse range of customized and ready-to-sell products for its customers.
Priority Jewels IPO issue size is TBA and the expected allotment date is 02 Sept 2026.
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